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Asset Category: U.S. Mid Cap Growth
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Long-Term Performance: 10.26% CAGR
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Correlation to U.S. Markets: 0.95
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S&P 500 Performance (US Large Cap Blend): 10.48% CAGR
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Back test timeframe: January 1972 – May 2022
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Oldest ETF back tested: iShares S&P Mid-Cap 400 Growth ETF (IJK)
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Long-Term Performance: 7.79% CAGR
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Correlation to U.S. Markets: 0.94
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S&P 500 Performance: 6.94% CAGR
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Back test timeframe: August 2000 – May 2022
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Number of ETFs available in this asset class: 35
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Number of ETFs in this asset class that are 10-years old or older: 11
U.S. Mid Cap Growth vs U.S. Large Cap Blend: January 1972 – May 2022
IJK vs SPY: August 2000 – May 2022
IJK vs SPY: July 28, 2000 – June 24, 2022
The Deep Value ETF Accumulator rankings for the 11 oldest U.S. Mid Cap Growth ETFs:
The 4 top ranked U.S. Mid Cap Growth ETFs head-to-head comparisons:
XMMO vs IMCG vs MDYG vs IWP: December 2005 – May 2022
XMMO vs IMCG vs MDYG vs IWP: November 15, 2005 – June 24, 2022
Stated objectives of 4 top ranked U.S. Mid Cap Growth ETFs:
XMMO – The Invesco S&P MidCap Momentum ETF (Fund) is based on the S&P Midcap 400 Momentum Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of securities with 80 securities in the S&P Midcap 400® Index having the highest “momentum scores,” which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 400® Index. The Fund and the Index are rebalanced and reconstituted semi-annually.
IMCG – The iShares Morningstar Mid-Cap Growth ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. Exposure to mid-sized U.S. companies whose earnings are expected to grow at an above-average rate relative to the market. Targeted access to a specific category of mid-cap domestic stocks. Use to tilt your portfolio towards growth stocks.
MDYG – The SPDR® S&P 400™ Mid Cap Growth ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® MidCap 400® Growth Index (the “Index”). The Index contains stocks that exhibit the strongest growth characteristics based on: sales growth, earnings change to price ratio, and momentum. The S&P® MidCap 400® Growth Index measures the performance of the mid-capitalization growth sector in the U.S. equity market. The Index consists of those stocks in the S&P MidCap 400® Index exhibiting the strongest growth characteristics based on: (i) sales growth; (ii) earnings change to price; and (iii) momentum. The Index is market capitalization weighted.
IWP – The iShares Russell Mid-Cap Growth ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. Exposure to mid-sized U.S. companies whose earnings are expected to grow at an above-average rate relative to the market. Targeted access to a specific category of mid-cap domestic stocks. Use to tilt your portfolio towards growth stocks.
Thank you for taking time to read this article. If you found it useful, please share it with a friend.
Respectfully yours, Micah McDonald, aka the Deep Value ETF Accumulator
Previous Deep Value ETF Accumulator article on U.S. Mid Cap Growth ETFs:
4 Best Long-Term Performance U.S. Mid Cap Growth ETFs 1.4
Disclosure: We currently own shares of IMCG and we intend to buy more shares in the future. I am not a professional investment advisor. Please perform your own due diligence or seek the advice of a Registered Investment Advisor before investing in any security mentioned in this article. This website contains affiliate links to M1 Finance and Google AdSense.